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Recent History of the Travel Industry
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The First Solo Trans-Pacific Balloon Flight
Businessman and record-setting aviator, sailor, and adventurer Steve Fosset completed the very first solo trans-pacific balloon flight in February 1995. Fossett flew from South Korea to Leader, Saskatchewan, Canada. His balloon was named the "Solo Challenger." Source: www.thepeoplehistory.com -
The Mount Everest Expedition Disaster
On May 10th and 11th in 1996 eight people were caught in a blizzard and died on Mount Everest during attempts to reach the summit. Source: http://www.latimes.com/ -
First Flight of Unmanned RQ-4 Global Hawk
The RQ-4 Global Hawk is an unmanned aerial vehicle. It's certified to file its own flight plans and fly regularly in U.S. civilian airspace. Source: www.af.mil/AboutUs/FactSheets/Display/tabid/224/Article/104516/rq-4-global-hawk.aspx -
FAA Grounds all Aircrafts due to Terrorist Attack
The Federal Aviation Administration (FAA) grounded all aircrafts within the continental U.S., and all aircrafts already in flight were told to land immediately. All international civilian aircrafts were either turned back or redirected to airports in Canada or Mexico. In addition, all international flights were banned from landing on United States territory for three days. Source: content.time.com/time/nation/article/0,8599,174912,00.html -
Passage of the Homeland Security Act
The Homeland Security Act is to prevent terrorist attacks within the United States, reduce the vulnerability of the United States to terrorism, and minimize damage and assist in recovery for terrorist attacks that occur in the United States. Source: www.dhs.gov/creation-department-homeland-security -
Lethal European Heat Wave
This 2003 heat wave was amongst the hottest summers ever recorded in Europe. Over 37,000 people lost their lives, most of them elderly. Many parts of the UK noted increased levels of tourism as many people decided to go on vacation while the weather was dry and hot. Source: www.cnn.com/2004/TECH/science/08/02/heatwave.europe/ -
Private Space Flight Bill Signed into Effect
President Bush signed into effect a bill that opened the way for commercial tourism in space. The government gave the all-clear on regulations formed by the FAA. Source: www.nbcnews.com -
Internet Revolutionizes Travel
Instead of calling your local travel agent and asking where to take a leisure holiday, many people began developing online communities (such as: review sites, social media, and apps,) that helps one choose where to go on their next vacation. Source: www.theguardian.com/travel/2006/aug/26/travelwebsites -
Recession Finally Hits Online Travel Booking
The value of online leisure and unmanaged business travel bookings dropped by 3% due to the recession. It was noted that even with the recession, it would "still far outpreform the broader travel market and return to positive growth much sooner." Source: usatoday30.usatoday.com/travel/news/2009 -
Costa Concordia Crashes off Coast of Tuscany
The luxury cruise ship Costa Concordia ran aground off the coast of Giglio, a poplular vacation isle 18 miles off the coast of Italy, forcing the 4,200 people aboard to evacuate. Three people lost their lives in the accident. Source: www.theguardian.com/world -
Landing a Mega-Merger: The Last Days of US Airways
On this day US Airways went through the final stages to become one with American Airlines, and in this final stage their online system went dark and they became fully known as American Airlines. This was the crucial step in the merger. On paper they had merged two years prior but their site combining was the last part of the merger. Source: https://www.washingtonpost.com/business/the-last-days-of-us-airways/2015/09/25/f5530686-60a6-11e5-8e9e-dce8a2a2a679_story.html -
Impact of TransAsia Plane Crash on Taiwan Tourism Likely Limited
Leho Chen, a Shanghai-based sales manager for a high-end resort in Taiwan who worked for five years for a travel agency in China, said, "Chinese people will cancel travel only for political reasons. People understand that this is an accident and accidents can happen anywhere." While he said the crash won't affect his business, it could have a short-term effect on agencies that use TransAsia. "For tour groups, travel agencies always book the cheapest flight," he said. Source: www.wsj.come -
Airline Fare Wars Making a Comeback as Price of Oil Drops
With the lowering of the gas prices, the flight prices also lower as gas becomes cheaper and the prices of the tickets decline with it. Fliers have been able to fly Chicago to Boston for $80 round trip, San Francisco to Las Vega for $67 round trip, and New York to Los Angeles, with a connection, for $150 round trip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing partner of industry newsletter Airline Weekly. -
Travel Industry Group Pushes Back on Congressional Calls to Restrict Visa Waiver Program
Congress wants to limit the number of visa's entering the U.S. They are concerned since the attackers in Paris were European nationalists and fear having more visa's enter the U.S. puts holes in our security. The travel industry is fighting back because they say millions would be denied traveling to the U.S. and it could cause a major economic crisis on business and leisure travel. -
Travel Industry Wonders About Lasting Impacts From Recent Terrorism
Due to the recent attacks in Paris and the confirmed bombing of a Russian plane, many people are scrambling to cancel flights to conferences that are to be taking place in Paris. Many others are canceling their trips to Europe. The French government has postponed a Ukraine investment conference until early next year. http://www.wsj.com/articles/travel-industry-wonders-about-lasting-impacts-from-recent-terrorism-1447785936
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